Before buying a classic car, check its year of release, its history, the condition of its body and its engine. A vintage vehicle requires careful control.
What is a collectible car?
A classic car is usually over 30 years old. Its production also ceased. It retains its original characteristics from a mechanical and aesthetic point of view. You must apply for a special gray card with the mention “collector’s vehicle”.
To obtain a new special gray card, file a request with the National Agency for Secured Titles or the ANTS. Bring the following documents:
After paying for the gray card, you get a provisional registration certificate and a file number. You can therefore circulate freely with these documents while waiting for the new gray card.
Why buy a classic car?
Some models have become legends thanks to their performance and the design of their bodywork. If you want to relive the highlights of your youth, buy yourself a nice car from a collector.
In general, spare parts for classic cars are generally easy to find and accessible. In addition, you can take care of the repair and maintenance yourself. Indeed, this kind of vehicle is quite simple to maintain in terms of mechanism and operation. It allows you to save money.
Since the price of old cars continues to climb, it is possible to find a good deal. Be aware that limited series vehicles are the most sought after, and therefore more expensive. On the other hand, new car models decrease in value after they are used.
You benefit from other tax advantages when you invest in an old car. Indeed, the ISF declaration remains optional.
How to buy a collector car?
Define future use
Do you need a car that must be driven every day or only on weekends? Would you like to have a remarkable or rather discreet car? Can you afford to maintain it regularly? Clear answers to these questios allow you to have an idea of which model is right for you.
Prepare your budget
Calculating the budget necessary to be able to buy the car is advisable. Indeed, you must provide a sum of money for the purchase, repatriation and restoration. Sometimes it is difficult to determine the cost of renovation. If necessary, call on an expert in the field or an enthusiast.
If you want to resell, other factors must be taken into account. Be aware that the collector car market remains very volatile. According to some dealers, the published ratings are for guidance only. Choose a vehicle in good condition and whose rating continues to increase to guarantee your investment.
If you have identified the vehicle model you want to get, take a tour after checking the photos. This step allows you to see the small details of possible repairs.
Interior condition: check the seats, the dashboard, the door trim and the various electrical controls. Also check the radio, lights and ceiling. Ask the owner about non-original equipment and vehicle history.
External condition: the examination of the external appearance must be done in broad daylight. Take the time to check the body and the paint. The bottom of the body, the trunk button, the rims and the
Before concluding the purchase, take the vehicle for a short ride. Thus, you know the state of the clutch and the gearbox. Pay attention to suspicious noises and the operation of the suspensions. Also check the car’s papers, the matching numbers and the technical inspection report.
If you are looking for a used car in good condition or a new vehicle, visit our BymyCAR website. You will discover models of Mercedes, Renault, BMW, Peugeot or other French vehicles.
What insurance for my vintage car?
Apart from age, value and rarity are also considered criteria for classifying a vehicle among collector cars. Some beautiful cars that are less than 30 years old may be covered by special collector car insurance.
In order to discover an insurance formula adapted to your beautiful restored car, use an insurance comparator. You can also go through a specialized broker who offers this kind of service.